Fortescue predicts $140 iron ore price

Fortescue Metals chief executive Nev Power predicts the iron price will hover between $139 and $140 per tonne in the short term because of low iron ore stocks.
Australia’s third largest iron ore miner says the commodity will then trade between $120 to $130 a tonne for the foreseeable future, preventing a repeat of last year’s scare when the iron ore price tanked………………………………………..Full Article: Source